Texas Industries Lowered to “Neutral” at CL King (TXI)
Texas Industries (NYSE:TXI) was downgraded by CL King from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Texas Industries (NYSE:TXI) last released its earnings data on Wednesday, January 8th. The company reported ($0.36) earnings per share for the quarter, beating the analysts’ consensus estimate of ($24.00) by $23.64.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Texas Industries from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, January 6th. They now have a $64.90 price target on the stock. Separately, analysts at Longbow Research downgraded shares of Texas Industries from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. Finally, analysts at Sidoti downgraded shares of Texas Industries from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 16th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.45.
Texas Industries, Inc is a supplier of heavy construction materials in the southwestern United States.
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